Monumental nod for East Midlands technology

Posted on: 9/22/2016
Monumental nod for East Midlands technology

Software and communications companies based in the East Midlands region are top of list for innovation

Six technology companies headquartered in the East Midlands have made the Sunday Times Microsoft Tech Track 100 list. The highest placing regional business was Nottingham-based Monumental Games, which entered the chart for the first time at number six. Paul Mayze, chief operating officer at Monumental Games, told Insider that Nottingham’s funding agencies and local councils have “done a lot to support the industry”.

He said the company, which reached an annual sales growth of 146.31 per cent over the past three years, was “thrilled” with its top-ten placing.

The league table ranks Britain’s 100 privately-owned technology, media and telecoms (TMT) companies with the fastest-growing sales over the last three years of available accounts.

Mayze added that Monumental Games would have “a couple of major games announcements to make” in the coming months, which would make up part of the company’s future growth strategy.

Mayze said that the games industry was “going through huge changes”.

He added: “The game designs are going through huge changes, and it’s a very fast-paced environment. It’s a very exciting time to be a part of it.”

The company develops video games that can be played online by thousands of players at the same time, as well as games for the Xbox 360 and the Playstation 3. Last year, Maven Capital Partners injected £2m in the business in exchange for a 20 per cent stake. Sales grew 146 per cent a year from £346,000 in 2006 to £5.2m in 2015.

Other East Midlands companies featured on the list include Daventry-based Shebang, the point-of-sale software developer. The company reached number seven following annual sales growth of 136.5 per cent over the past three years.

Node4, the Derby-based communications provider, was at number 45. The company has data centres in Derby and Wakefield, and is currently constructing a 45,000 sq ft datacentre in Northampton which will treble the server capacity it can offer its 650 customers. Sales have grown 57 per cent a year from £1.9m in 2007 to £7.3m in 2016.

Timico, based in Newark, fell from its 2015 placing at 23 down to 58. Griffin Internet, the Derby-based internet service provider, fell five places to number 75, and data centre provider 2bm entered the Tech track at number 93.

Scott Dodds, general manager of business strategy and marketing at Microsoft, the title sponsor of the league table, said: "It is great to see privately-owned technology companies in the Midlands making a positive contribution to the technology industry despite tough economic conditions. A new trend this year is that more than a fifth of these innovative Tech Track 100 companies are bringing the flexibility and cost savings of cloud computing to big and small businesses.”

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